DRamFX

DRamFX

Hello Traders, Next week looks promising for a big pull back to the downside for at least 1000 points. Last week we made a record high on the Dow, as news released of a vaccine which has a 90% effectiveness. We are currently over bought on the H4 and Daily, which are two major timeframes for direction. Price has also reached the Weekly -27 level (30,066), which...

DRamFX

Hello Traders, I'm looking for a potential pull back in this area. We have 5 confirmations for this trade with a 500 point TP potential.

DRamFX

Hello Traders, It looks like the Dow had a massive crash yesterday as our buy analysis didn't play out as expected. I expect price to continue heading lower due to the uncertainty of this upcoming election, Covid cases increasing, and the lack of stimulus. If the Dow does not bounce off 27000 for longs, price will continue heading lower for an indefinite...

DRamFX

Hello Traders, Today is the big day. If price doesn't reject and head up for this trade, we will continue lower. We have 7 confirmations for this trade.

DRamFX

Hello Traders, I'm looking for a potential short position at this level. We have US Debates tonight, and I believe the market will have a push down while the event is taking place. Use 50 or 100 pips and take profit when you see fit.

DRamFX

A nice Intraday trade is developing. Head and Shoulder pattern on the H4 timeframe to continue heading lower before we buy the dip later this week as indicated by my previous market overview. Use 50 or 100 pips stoploss and take profit when you see fit.

DRamFX

Hello Traders, After a massive retrace we had today on the Dow, I believe price is preparing for a bigger move to the upside. We have 6 confirmations for this trade. I'm looking to take an entry at 27920. Feel free to leave a limit order at this price point. If this trade is successful, we will create a new high on the Dow Jones. The RSI will also be oversold by...

DRamFX

Hello Traders, I'm expecting the Dow Jones to have a bigger pull back this week possibly bottoming out at 27950. For now, I see a possible entry for a double top on H4 to finish the 4th leg of the Daily Big Bullish M Pattern. Overall, I see price making a new high in the future. If we don't pull back to 27950, then the next sell entry will be at 29300

DRamFX

Yesterday's analysis I expected price to reject and continue to the upside at this level. Sadly, that trade was stopped out. However, today price is giving us another chance to enter again using multiple confirmations.

DRamFX

Hello traders, The bulls have proven themselves dominant in this market. I have a previous analysis where I expect the Dow to reach as high as 30k, which is now a strong possibility. Today I'm expecting more bullish pressure on the Dow we we continue this V-Shape recovery of the stock market. We have a total of 6 confirmations for this trade, on top of the...

DRamFX

The bias on the Dow is still bearish from last week. I am looking for an entry here. Possible 1:7 Risk to Reward. Price respected the -27 on Daily, on H1 I spot a potential double top, and H4 is oversold on the RSI. Take profit at this Week's Pivot Point.

DRamFX

Looking for a pull back at this strong area of resistance. Overall the Dow is bullish. So long term investors, look out for another buy opportunity when the pull back occurs. Feel free to enter here with what ever stop loss you choose. I personally use 50 pips, but feel free to use 100.

DRamFX

Price is currently sitting in a range and we have experienced some bearish pressure this week due to FOMC interest rates unchanged. However, the Dow is overall bullish from higher timeframe analysis as indicated from my previous chart. Looking for an entry on 15 minute based on bullish structure being respected (Daily 78.6 tested and rejected). 50 Pip stop loss...

DRamFX

Price broke the Monthly 78.6, so next is the 127 level (32700). This will be the long term target. Entry based on Weekly 61.8 and Daily -27 rejection. First TP is 30000

DRamFX

Weekly closed bearish , daily closed as indecision and the 4 hr engulfed the previous candle. I'm expecting a continuation of bearish momentum for EURJPY next week with the potential to fill the daily range. I would wait for a retest of 124.516 on the 4 hr or wait for break of 124.316 to continue down.The yellow zones are potential take profit areas.

DRamFX

Weekly closed bearish, daily closed as indecision and the 4 hr engulfed the previous candle. I'm expecting a continuation of bearish momentum for GBPUSD next week with the potential to fill the Weekly ranges. To confirm that the sellers are in control, I would wait for a break below 1.29099 on the 4 hr and wait for a retest to continue down. We seem to be in a...

DRamFX

The Weekly closed bearish, daily closed with a bearish body with rejection of the buyers, and the 4 Hr has done a break of previous support. I'm anticipating a retest of previously broken structure to continue the bearish momentum. The yellow zones are take profit areas, or places where you could scale-in to hit the end target - which is a Weekly Wick Fill. Price...

DRamFX

This trade is simple. Price tried to break out of resistance but closed back in the range. I'm anticipating a retest of this area to take sells. The yellow zones are take profit areas. We are also in a massive consolidation triangle forming lower highs. I have 90% confidence in this set up.